Film Sector Current Affairs

The Union Cabinet has approved the agreement on Audio Visual Co-Production India and Bangladesh.

Decision in this regard was taken at the Union Cabinet Meeting chaired by the Prime Minister Narendra Modi in New Delhi.

Salient features of the Agreement

It will cover co-production of films, animations and documentary films.

An audio-visual co-production made under it, will be entitled to all the benefits which may be accorded to any national audio-visual work by both countries in accordance with their respective laws and regulations.

It will lead to exchange of art and culture among the two countries and create goodwill and better understanding among the peoples of both the countries.

Facilitate utilization of Indian locales for shooting, thus raising the prospect of India as a preferred film shooting destination across the globe.

Benefits

Audio-visual Co-productions will provide an opportunity to create and showcase our soft power.

It will lead to generation of employment among artistic, technical as well as non-technical personnel including post-production and its marketing, thus adding to the GDP of both the countries.

So far, India has entered into audio-visual co-production agreements with Italy, Germany, United Kingdom, France, New Zealand, Brazil, Poland, Canada, Spain, China and the Republic of Korea.